Ituran’s subsidary signs contract with Nissan

Ituran Location and Control (ITRN) announced that following its long-term partnership with Nissan in Mexico, Ituran’s subsidiary in Chile has signed a 5-year contract with Nissan (NSANY) Chile. Under this agreement, Ituran will provide the Vehicle Location Unit, or VLU, and a suite of telematics and stolen vehicle recovery, or SVR, services to Nissan and its customers throughout Chile. Following their car purchase, Nissan’s customers will enjoy a one year free trial of Ituran’s service which will be paid for by Nissan. This agreement will initially cover three vehicle models, with an expected addition of tens of thousands of vehicles over the years. The VLU unit will be pre-installed in these models before reaching the dealers.